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are our children. and we're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics. this evening michelle and i will do what i know every parent in america will do which is have our children a little tighter, and we'll tell them that we love them. and we'll remind each other how deeply we love one another. but there are families in connecticut without can to the do that tonight. and they need all of us right now. in the hard days to come that community needs us to be at our best as americans, and i will do everything in my power as president to help. because while nothing can fill the space of a lost child or loved one, all of us can extend a hand to those in need, to remind them that we are there for them, that we are praying for them, that the love they felt for those they lost endures not just in their memories but also in ours. may god bless the memory of the victims. and in the word its of scripture, heal the broken hearted, and bind up their wounds. >> woodruff: ray suarez reports on how the day unfolded. >> suar
-era tax cuts for all income groups. in a joint statement, they said, "the house will take... action on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the middle class, but raise rates on the well-off. aides said he made phone calls last night to speaker boehner and house minority leader nancy pelosi, as well as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to
't -- when they have some control over the political system through their political action committees and republican control of congress, they can't cut entitlements now. when they do eventually become a problem that will require some immediate action, they know that it will involve higher revenues. and the higher revenues are going to be on them. if you check any poll, you find overwhelming support for raising taxes on people making more than $250,000 and raising taxes on corporations. and so i think they're trying to fend that off. bill moyers: obama campaigned on higher rates. and he won. why can't republicans come to terms with that that's how the election came out? yves smith: the republicans have become very dedicated to the idea that taxes in any form are bad. that when, in fact, there are times when taxes can fund productive investments and actually, again, lead to more economic growth. but it's the republicans and ironically, wall street, have basically adopted the same strategy of being non-negotiable. that if they have a blocking position, and they feel that they have a blo
shootings that shook theation sparked a new call to action at the white house today.at the president vowed to have proposals ready for the new congress that convenes next mth.t somber scenes of mourning played out once again today in newtown, connecticut. while in washington, president obama walked into the white house briefing room named for james brady-- the press secretary critically wounded in the shooting of president reagan in 1981-- to talk about gun violence. >> the fact that this problem is complex can no longer be an excuse for doing nothing. >> ifill: instead, in the wake of the massacre at sandy hook elementary school, mr. oba said, "this time, the words need to lead to action" on gun violence. >> the vast majority of responsible law abiding gun owners would be some of the first to say that we should be able to keep an irresponsible law breaking few from buying a weapon of war. i'm willing to bet that they don't think that usina gun and using common sense are incompatible ideas. there is a big chunk of spaceus between what the 2nd amendment means and having no rules at all. >>
, the public's reaction will determine how fast congress moves to fix the damage. >> what forces action after we pass the deadline is the public reaction to it. and so i think the big question is going to be what happens in the real economy, how frustrated are average americans that their paycheck is meaningfully smaller? and if that is a massive reaction, then they'll get a quick response. >> reporter: while u.s. markets have been fairly weak lately, they have not yet registered true alarm at the prospect of deadlock in washington. it seems many investors see the fiscal cliff as a slope that will only gradually impact the economy. but washington analysts believe investors may be underestimating the prospect 2013 will roil the economy with a series of fights over taxes, government shut downs and debt limit increases. >> i actually had one hedge fund manager say to me, "oh, they'd never allow to go over the cliff, because they, they being members of congress, would be embarrassed by this. and i don't think wall street understands what it actually takes to embarrass a member of congress on thes
should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education and remembering general norman schwarzkopf. but first, the other news of the day. here's kwame holman. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the unio
and a deteriorating memory. the nfl faces a class-action lawsuit filed last july by thousands of former nfl players and their families citing lack of disclosure about potential dangers. for more we're joined by a neurologist and codirector of the center for the study of traumatic c.t.e. at boston university and mark fainaru-wada, investigative reporter with espn who is working on a documentary about this subject for front line. let me start with you. what do you see is the key finding from this study that perhaps we didn't know before? >> well, this study, this disease chronic traw ma'am i cannen self-op thee has been around since the 1920s. there has only been a smattering of reports. in this paper we more than doubled the world's experience with this disorder and take it from the very beginning where it first affects the nervous system, where it affects the nervous system and then we see it expand progressively in older and older individuals until it really is a destructive disease that affects most of the brain. >> brown: just to be clear here, the focus is less on the, i guess, the major hits o
companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now to pay shareholders, by declaring special dividends. today, whole foods became the latest in a slew of firms opting for one-time payouts. suzanne pratt reports on what's behind these investor pay-days. >> reporter: costco is doing it. brown forman-- the maker of jack daniels and finlandia is also doing it. today, even whole foods is finding it appetizing. they've all announced special dividends, eager to reward their shareholders with a nice check before expected tax increases happen next year. >> current law says that qualified dividend income tax rates are at 15%. and, if no legislation is passed between now and then end of the year, those rates would go up to as high as 43.4%. >> companies just want to pass along these dividends. it's a thank you to shareholders. it sparks interest in their stock. >> reporter: according to s&p, this month alone 216 companies have declared special dividends. last november only 72 firms decided to make similar payouts. this is not the first time
: still, economists say citi's action today is not the start of a new wave of mass layoffs across corporate america. the nation's job market may not be robust, but it's not frozen, either. in fact, today, the payroll firm a.d.p. reported 118,000 new private sector jobs were added in november, fewer than in october. the blame for last month's slowdown in hiring falls squarely on hurricane sandy, not on any new or widespread weakness in the economy. >> i would expect that by december, we're going to see some bounce back. much of the disruption from sandy was people simply not being able to get to work or firms not employing people that they ordinarily would have. >> reporter: friday, the government will report it's monthly snapshot of the u.s. labor market. it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff conce
are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses in the final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit loss, the nasdaq lost four, and the s&p slipped almost two points. so what happens next? and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solutio
new orleans saints. tagliabue said actions by team coaches and others had contaminated the case. he did agree that three of the players should be fined. those are some of the day's major stories. now, back to ray. >> suarez: cairo is the scene of mass rallies again tonight. demonstrators on both sides of the upcoming referendum are on the streets of the capital. their refrain was "bread, freedom and sharia" or islamic law from supporters of president mohammed morsi in cairo. morsi, morsi, they chanted. reporters also gathered in the coastal city of alexandria this evening, just days before a referendum on a draft constitution. it would affirm many tenets of sharia as the law of the land. >> i support the president. i think that opponents of the president claim that egypt would turn into an islamic state. but the reality is if they do not want a constitution that contains islamic law and they fear the growth of the islamic political current. >> suarez: back in cairo, morsi's opponents gathered again, separated from the president's muslim brotherhood backers by barricades. >> all thes
for a political outcome. in fact, we were instrumental in putting together the geneva communication in the actions of the meeting with the foreign minister and participation of kofi annan who was the secretary general's special envoy which provides for the steps which are necessary in order to have a political conclusion to the crisis in syria. we agreed just recently with americans in a meeting with mr. brahimi participated in and mr. burns from the u.s. state department that they continue to be the only consensus realistic basis for a political outcome. so this is our platform. >> woodruff: let me ask you, mr. ambassador. if you're saying it's up to the syrians, isn't that really saying we just let the two sides continue to fight it out no matter what the cost in lives is? what is it, 40,000 syrians have already died? two million have been displaced. a half million refugees. >> what we're saying is completely the opposite. the goals should be putting together a national transitional body composed of representatives from the government and the opposition which are acceptable to each other sometim
mayor michael bloomberg joined survivors and victims' relatives demanding action. >> last night the president said he would use whatever powers his office holds to address this violence. i think it is critical that he do so. words alone cannot heal our nation. only action can do that. gun violence is a national epidemic and a national tragedy that demands more than words. >> suarez: the mayor urged congress to reinstate a ban on assault-style weapons like the bushmaster a.r.15 rifle that adam lanza used friday. versions of that gun were outlawed in 1994 but the ban expired in 2004. a new poll out today from abc and the "washington post" found 54% of americans support stricter gun laws in general. still 71% oppose banning the sale of handguns. and in addition to gun control, there are new appeals to identify and help treat potentially troubled individuals before there's a tragedy. connecticut governor dan maloy spoke this afternoon in hartford. >> are we doing enough from a meantal health perspective to reach out to kids and families who are obviously in trouble? my sense is we a
to show rebel fighters in the streets of the yarmouk camp. the rebel action began friday in an effort to drive out a pro- government palestinian faction. the chief foreign correspondent for nbc news, richard engel, has escaped from kidnappers in northern syria. he and his crew said they were dragged from their car on thursday by gunman supporting the assad regime. they escaped last night when their captors became engaged in a firefight with rebel forces. engel spoke in turkey today, flanked by two of his crew. we're very happy to be out. we're very happy to be back in turkey. we love being here. we love this country. we appreciate all the help. the last five days are days that we would rather forget. if you can understand, we just came out now. we haven't even left yet. we're very tired. >> holman: engel said he and his colleagues were kept bound and blindfolded, and subjected to mock executions. it was unclear whether all of the crew members escaped. five people working with a u.n. polio vaccination campaign in pakistan were shot to death today, possibly as part of a taliban campaign
thinking that only delay meaningful action, and all but guarantee that the next atrocity is only a news cycle away. the only thing that stops a bad guy with a gun is a good guy with a gun. you know, five years ago, after the virginia tech tragedy, when i said we should put armed security in every school, the media called me crazy. but what if, when adam lanza started shooting his way into sandy hook elementary school last friday, he had been confronted by qualified armed security? will you at least admit it's possible that 26 little kids, that 26 innocent lives might have been spared? is that so abhorrent to you that you would rather continue to risk the alternative? i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation, and to do it now, to make sure that blanket of safety is in place when our children return to school in january. the nra is going to bring all of its knowledge, dedication and resources to develop a model national school shield emergency response program for every school that w
on that massive class action settlement. the lawsuit was brought by car owners who lost value on their cars because of sudden, unintended acceleration problems. toyota shares fell 0.5% to just above $92 per share. apple says it will withdraw patent claims against a new samsung phone after the company said it will not sell the phone in the u.s. but apple shares still sold off, down more than $5 to $509. barnes and noble says british media company pearson is making a $90 million investment in its nook media unit. that's about a 5% stake. back in april, microsoft made a $300 million investment in the unit. looking at the players: shares of barnes and noble jumped more than 4% to almost $15 a share. pearson slipped a fraction. and microsoft lost 1.5%. wal-mart plans to start monitoring the warehouses of subcontractors it uses here in the u.s. the program stems from complaints of poor worker treatment at the warehouses. shares of wal-mart fell slightly closing at $67.61. some turbulence in merger talks between american airlines and u.s. airways. the two pilot unions face obstacles on contract te
tokens of their deliverance." and the romans send a vicious police action out there and kill everybody. when that kind of police action is perpetrated against what we might consider harmless fanatics, the romans are really giving us a very good historical lesson in... in how domination works. >> all the time that jesus is talking, i cannot not imagine the fact that he's going to be put to death. everything that he is doing is politically dangerous. if you are following jesus' life from day to day, you should be saying to yourself, "somebody is going to kill this man." >> ( dramatized ): after he had said this, he went on ahead, going up to jerusalem. >> moving to jerusalem, jesus was moving from the territory ruled by herod antipas, to the territory ruled directly by rome through a prefect, pontius pilate. >> pontius pilate was the governor from 26 to 36, and so that places us very clearly within the early period of roman rule. these are some of our most important and clearest dates for the activities of jesus' life. when jesus actually died we're not absolutely sure. some people would
and protection of our ally turkey. >> woodruff: nato chief also warned of even stronger action if the syrian government crosses the chemical line. echoing monday's statements by president obama. >> if anybody resorts to these terrible weapons, i would expect an immediate reaction from the international community. >> woodruff: syria has denied any intention of using chemical weapons. russia, a key syrian ally, dismissed the intelligence reports as rumors. yesterday in istanbul, russian president vladimir putin said he understands turkey's concerns about border security, but he warned that deploying patriot missiles could raise fears of a wider conflict. meanwhile, inside syria intense fighting flared again near damascus today. amateur video showed government warplanes carrying out new arrayeds. the syrian capital has seen escalating violence in the last week as rebels try to close the noose on president bashar al assad's regime and the military tries to recapture lost ground. amid the fighting, the state news agency reported that rebel more tar fire killed nine students and a teacher at a sch
the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. >> reporter: despite issuing a warning to congressional republicans, the president also expressed optimism that some gop lawmakers may be warming to the idea of allowing taxes on the wealthy to rise. but here at the capitol today, congressional republican leaders said the president should focus less on tax increases and more on spending cuts >> we put an offer on the table. now he has out of hand rejected that. where are the specifics? where are the discussions? nothing is going on. meanwhile the people of this country are the ones that suffer. >> repor
progressing and that morsi ha had to take extraordinary action to prevent that from happening. but the other side of the story is that what morsi is now doing is forcing a popular vote which undoubtedly would approve this draft constitution and then there will be parliamentary elections but it will be difficult to amend the constitution in the future. that takes two-thirds of the parliament and non-islamists know they're not going to have that. >> warner: how do you interpret his televised speech tonight? we don't have all the words, he read them in arabic but was he extending any olive branch by saying "let's have a dialogue starting saturday" or is he taking a hard line? >> i watched morsi's speech and he offered a very small crumb, i would say, to the opposition. he said that the part of the november 22 decree in which he basically gives himself any power necessary to protect the revolution has been misunderstood and he would be all right with canceling that part of it. and he invited them a dialogue with them -- with him. however the dialogue is to be on saturday which is when voting out
rid of political action committee money, political party money, labor union money, corporate money. you know, i would go down to small amounts that are instantly reported, all transparent. i think we have to do that, because it is this money pouring in -- what comes out at the end is not representative of what the american people want. you know, the system gets skewed by these super influences, you know, whether it's the president pacs and the democratic's party pacs and the super pacs or the republican party super pacs, that's got to change. >> well, no ideas can make it as long as we're in the grip of an undemocratic process which determines who's going to make those decisions. >> one of the lines in my book is that all i'm trying to do here is put democracy back into our democracy. what our founders did that was exceptional was they decided, "we are not going to be subjects. we're going to be citizens. so, instead of the government telling us what to do, we'll tell the government what to do." and that only works if the people themselves have the power to decide who's going to be
's position, the decision did not go down well in moscow, which opposes outside action against the assad regime. foreign minister sergei lavrov: >> ( translated ): as the coalition has been recognized as the only legitimate representative, it seems that the united states decided to place all bets on the armed victory of this very national coalition. >> ifill: but no weapons have been promised, and a spokesman for the coalition said it needs real support. the u.s. has resisted sending arms, amid fears they might wind up in the hands of islamic extremist groups. just this week, washington branded one such group-- the al- nusra front-- an offshoot of al qaida in iraq. but the head of the opposition council said today the islamist fighters are partly responsible for the latest rebel gains. >> ( translated ): the decision to consider one of the fronts facing off to the regime as a terrorist group needs reconsideration. we insanely love our country and while we may disagree with some on their thought process and politics, we affirm that all weapons used by the revolutionaries aim for the fall
and at the same time, you know, retain the name of action. you can keep doing things and be decisive. being thoughtful is not antithetical to being decisive. >> there was a scene that i knew immediately when we saw the movie i had to ask you about. lincoln walks from the white house to the telegraph center where he went regularly to receive messages from his generals and his reports from the battlefield. and he's sitting there almost as if he's talking to the two telegraph operators, but it's really a soliloquy in which he talks about euclid. >> euclid's first common notion is this: 'things which are equal to the same thing are equal to each other.' that's a rule of mathematical reasoning. it's true because it works. has done and always will do. in his book, euclid says this is self-evident. you see, there it is. even in that 2,000 year old book of mechanical law, it is a self- evident truth that things which are equal to the same thing are equal to each other." >> what led you to include that scene? >> i was fascinated to read that when he was already grown, lincoln, you know, we have a li
government. this past july u.s. attorney melinda hague filed forfeiture action against them. that means that the buildings could be seized dispensary shut down. it's all part of ongoing federal crackdown on pot in california. >> one of the reasons we are making these announcements today to try to put to rest the notion that large marijuana businesses can shelter themselves under state law and operate without fear of federal enforcement. >> henry, the lead attorney for harbor side, says in the past year hundreds of california dispensaries have been shut down. >> up until now every time the federal government has attempted to close down a dispensary through forfeiture action they have closed their doors and moved on. i suspect that that's what they thought was going to happen with harbor side but they got a big surprise. >> shortly after they received the notice, harbor side announced they would contest the case. and in october they received an unlikely ally, the city of oakland. city own barbara parker filed suited against the federal government. parker says oakland has already heavily
. the statement gave no details. the six u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy winds and snow in recent weeks. the long-time actor charles durning died monday at his home in new york. he came to be known as the "king of the character actors" in a 50-year career that spanned 5 broadway, the movies and television. along the way, he earned two oscar nominations. one was for his role as the corrupt governor in "the best little whorehouse in texas" in 1982. i and in "tootsie," he played the9 unwitting suitor of dustin hoffman, who was posing as a female soap opera star. charles durning was 89 years old. those are some of the day's major stories. a now, back to gwen. >>
argued that speedy action was critical to restore stability to egypt. but opposition leaders-- like mohammed el-baradei-- insisted the document will enshrine islamist rule at the expense of hard-won liberties. he spoke monday on the "newshour." >> it defies a lot of the basic human value we live by, like freedom of religion, freedom of expression, independence of the judiciary. so i'm not sure that this is the way forward. one of the most dangerous parts in that constitution, that it opened the door for many controversial school of religious thoughts to seep through the legislative process and undermine the authority of the judiciary. >> warner: the constitution was approved by 64% of the national vote, but only a third of eligible voters had turned out. and in major cities like cairo, majorities voted "no." this morning, those divisions were still apparent in cairo. >> ( translated ): it will certainly lead to stability. we can now begin to move forward. investment can begin to come into egypt. what more do people want? >> ( translated ): we are very sad and we never wanted the sit
of year rush today to pay shareholders a one-time "special" dividend or move up 2013 payouts. the actions reward investors with an extra check before tax rates likely increase in 2013. late today oracle accelerated cash payments from next year's second, third, and fourth quarters. hospital operator h.c.a. satellite t.v. company dish network, and women's clothing retailer cato announced special dividends. more than 200 companies have made similar moves in the last month. suzanne pratt reports on whether special dividends are the best use of corporate cash. >> reporter: $1.7 trillion. that's the cash u.s. companies have on their balance sheets. all that hoarding is a sign of the times: nervous companies stockpiling for an economic downturn or whatever else might happen. still, n.y.u. professor april klein says companies are over doing it. >> i know they say you can never be too rich or too thin, but companies can in fact be too rich. and, sometimes you do want to shrink out the cash. >> reporter: that's because too much cash can make a company a takeover target. and, with interest rates so
. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >>
sellers come out. but, so far, people just don't see it as a problem, and the type of market action that we've seen over the last couple of weeks is typical of what we see at the beginning of sustainable rallies. >> reporter: speaking of rallies, the s&p 500 is up about 12% this year. if that holds, it will be the best return for the index in two, and a few points better than its historical average. suzanne pratt, nbr, new york. >> tom: fast food diners dig in to mcdonald's cheddar bacon onion burger in november. still ahead, an update on much stronger sales at the golden arches. >> susie: christmas is still 15 days away, but fedex predicts today will be its busiest shipping day ever, over 19 million packages. that's more than double the company's typical daily volume, and a 10% jump from last year. today is also known as "green monday," and it kicks off one of the best weeks of the year for online retailers. erika miller reports. >> reporter: if you're wondering why today is called "green monday," its because of all the green changing hands. many of the sales are now online, so sto
the federal reserve's actions today and the worries about the economy, say about commodity demand in the next year? >> it looks as though the federal reserve thinks the commodity demand will continue to be weak. in fact, as you rightly point out, many commodities off their recent highs made in late august, early september, continue to suggest that the demand picture, the actual structural issues that ben bernanke and the team are worried about are still very much in play. a very weak economy means weak demand in the commodity complex. >> tom: it sounds like the commodities are responding to the economics, as opposed to all of the money the federal reserve is flooding into the market. is that fair to say? >> yeah, i think that is right. if you go back to 2009, '10, and '11, and see where the fed undertook its first various rounds of quantitative easing, you get these mini boblets that happen in commodity prices. but what is happening actually is that you don't have any upward pressure in the labor markets, and that is what is persistently going to be the ultimate end cause of significant long-
cut 11,000 jobs. it is the first major action taken by c.e.o. michael corbat since he took over this summer. bank of america rallied 4%, closing at $11 per share. it consistently is one of the most actively traded stocks, and it was again today. media reports indicate influential banking analyst meredith whiney upgraded her opinion of both bank of america and citigroup today. in addition to the sprint and clearwire deal, there was other monday merger news, and speculation driving stock prices. first, the speculation: general electric reportedly is close to a $4 billion deal for italian aerospace group avio. according to the wall street journal a deal could be announced thursday. orders for new airplane engines have increased with g.e. looking to buy parts supplies like avio. shares of g.e. gained 1.4% on heavier than usual volume. a.i.g. shares jumped 3% on reports it could sell its stake in the asian life insurer a.i.a. group for as much as $6.5 billion. a.i.g. still owns about a third of the asian company. canada's third largest life insurer, sun life does have a deal to sell
is it will be predicated on somee future action and we'll have to kick the can downur the road again. that's my fear as well. >> tom: if you're anxious about the fiscal cliff, you're t one, still ahead, how some americans are cutting back, and how the cliff is impacting both investor and consumer behavior.n stocks headed south on wall street as debate over the fiscal cliff heated up in washington. adding to those worries, word that fitch ratings repeated its threat to strip the u.s. of its striple "a" credit rating if we go over the cliff. the dow fell 99oints, the t nasdaq lost 10, the s&p down 11. >> tom: u.b.s., the big swiss bank, is putting accusations of interest rate manipulation behind it. the bank will pay $1.5 billion to sett charges of rigging a key international lending rate. the u.s. justice department also filed criminal charges against two u.b.s. traders, and a unit of the bank itself. the agency calls the senk's conduct, "simply astonishing." >> hundreds of trillions of dollars in mortgages, student loans, credit card debt, nknancial derivatives and other financial products worldwide
closing the regular session up 1.3%, they rallied another 5% to over $100 in after-hours action. quarterly earnings were stronger than expected with a double- digit sales increase for its nike brand in north america. google is selling its tv set-top cable box business to arris group. google inherited the business when it bought motorola mobility. google will get $2.4 billion in cash and stock. shares moved only a fraction. arris group jumped to a new 52 week high, up 3.6%. meantime, it is no deal for all- scripts health care solutions. the hospital services firm decided against selling itself, and instead named a board member as its new chief executive. shares fell 14.4% on very heavy volume as it now goes it alone. four of the five most actively traded exchange traded products ended higher, led by the financial sector fund. the nasdaq 100 tracking fund was unchanged. and that's tonight's "market focus." >> susie: 'tis the season to shop till you drop. retailers hope the stores will be crowded this weekend, and shoppers hope the lines will be short. from local gas stations to the grocery s
assigned to a psychologist in high school. still, his actions have spurred a renewed call for change in the way we address mental health issues. >> mental illness shove underneath a rock much we can't do that anymore. >> our nation needs to take a different approach to mental health and we need to speak about it more honestly. just as we need to do other things. >> experts say it's essential to improve access to treatment of mental illness and to increase public awareness to reduce the stigma associated with seeking help. >> all the issues with access to health care generally, one of the most difficult things to get access to is competent mental health care when you need it. first of all, there's a stigma to admitting you have enough of a problem that you need to see somebody. we have to get over this stigma. >> it's one step toward getting more people the help they need and possibly preventing more innocent lives from being lost. >> within hours of knowing the identity of the newtown shooter, the news media also began reporting that 20-year-old adam lanza suffered from asperger's. t
action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are still holding off from hiring and spending, and now the risk, possibly of a recession. how does it play out in the markets for 2013? >> what has happened, with all of this cash going into the market -- into the economy, not only from the u.s. fed, but from europe, from the central bank there, as well as from china, don't forget, so we've had this liquidity which has taken asset prices with the stock market and the bond markets, pricing it way up, it is actually helping housing after a long wait. moving into the future, there will be some reduction in really the fear that people have. it is not only a lac
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